Posted on March 1, 2008 by lushhomeonline
Average industrial rates up 16.8%, muted increases for most other uses
THE government yesterday announced modest, lower-than-expected increases in development charge (DC) rates for most use groups, except industrial.
‘Limited transactions in the past six months, amidst cautionary sentiment set about the US sub-prime debacle, were probably an important factor for the moderate gains this round,’ said [...]
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Posted on March 1, 2008 by lushhomeonline
Small revision of fees points to dwindling deals, slow price growth
IT’S official: the property market has gone deathly quiet.
Teh Government barely tweaked development charges in its semi-annual revision of fees yesterday, reflecting the property sector’s subdued state over the last six months.
Development charges, which can run in the millions of dollars, are what a developer [...]
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Posted on March 1, 2008 by lushhomeonline
In the latest signal that the market for private homes has cooled, the Ministry of National Development (MND) yesterday announced minimal changes in the development charges for residential sites.
A tax on property developers for site enhancement, the development charges payable in the next six months for non-landed residential sites were raised on average by a [...]
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Posted on March 1, 2008 by lushhomeonline
Developers will have to pay more to redevelop non-residential sites such as hospitals, hotels, shops and warehouses.
They also have to pay marginally more to redevelop residential sites for condominiums.
This is according to the latest revision of development charge rates released by the Ministry of National Development (MND).
The biggest hikes came from non-residential sites, which include [...]
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Posted on March 1, 2008 by lushhomeonline
THE rates of development charges (DC) have been revised for the period of Mar 1 to Aug 31, taking into account the current market values.
Rates for use of land for shopping, commercial and recreation have increased, along with those meant for residential, hospital and hotel, as well as industrial purposes.
The rest remain unchanged.
When compared against [...]
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Posted on February 24, 2008 by lushhomeonline
Panel looking into further measures. Spiralling costs a challenge and opportunity for builders to go greener
THE Government is looking into further incentives and legislation to ‘green’ more buildings here.
This is integral to Singapore’s sustainable development strategy, which remains a key priority, Minister for National Development Mah Bow Tan said yesterday.
Meanwhile, spiralling construction costs present both [...]
Filed under: General, Property Development | Tagged: BCA, Construction Costs, Green Buildings, Green Mark, Sustainable Development | No Comments »
Posted on February 22, 2008 by lushhomeonline
For residential areas where strong land sales have lifted values, charges could surge
DEVELOPERS may soon have to pay more to redevelop non-residential sites such as land for hotels or hospitals.
A key government fee for redeveloping sites will be revised again next month, and property consultants expect it to be raised for land used for purposes [...]
Filed under: Developer News, General, Property Development | Tagged: Development Charges, Development Costs, Property Development | No Comments »
Posted on December 6, 2007 by lushhomeonline
A SIMPLER way of calculating development charges will kick in from next year.
The net effect is that the Government is set to collect slightly more in the form of these charges, which are paid by landowners who want to enhance a site’s value - for example by redeveloping an existing project into a bigger one.
However, [...]
Filed under: Enbloc, General, Property Development, Real Estate Facts & Figures | Tagged: Development Charge, Property Development, Urban Redevelopment Authority (URA) | No Comments »
Posted on December 6, 2007 by lushhomeonline
Developers seeking to raise the plot ratios of properties will be subject to a new definition of the development baseline, used in the computation of the property development charge, from Jan 1.
The amendment, announced in 2003, had been deferred to allow the industry to adjust to the change, the Urban Redevelopment Authority said yesterday.
“Basically we [...]
Filed under: Enbloc, General, Property Development, Real Estate Facts & Figures | Tagged: Development Charge, Property Development, Urban Redevelopment Authority (URA) | No Comments »
Posted on November 29, 2007 by lushhomeonline
POPULAR Holdings is best known for its bookstores and schoolbooks, but there is now more to it than meets the eye. For the household name has been making big bets on real estate in Singapore, and its fortunes going forward are likely to be driven more by property than by publishing.
It’s a shift that started [...]
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